https://www.taxtmi.com/caselaws?id=397397 The court dismissed the appeal challenging an order directing the Official Liquidator to hand over secured assets for sale under the SARFAESI Act. It found the SARFAESI proceedings were not time-barred, applying a 30-year limitation period for foreclosure. Emphasizing DRT jurisdiction over SARFAESI matters, the court highlighted secured creditors' rights but ruled the ex-Director's appeal as non-maintainable per precedent. The appeal was dismissed due to lack of jurisdiction and the ex-Director's non-maintainability. en-us Mon, 10 Aug 2020 00:00:00 +0530 Mon, 04 Jan 2021 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397397 The court dismissed the appeal challenging an order directing the Official Liquidator to hand over secured assets for sale under the SARFAESI Act. It found the SARFAESI proceedings were not time-barred, applying a 30-year limitation period for foreclosure. Emphasizing DRT jurisdiction over SARFAESI matters, the court highlighted secured creditors' rights but ruled the ex-Director's appeal as non-maintainable per precedent. The appeal was dismissed due to lack of jurisdiction and the ex-Director's non-maintainability. Case-Laws Companies Law Mon, 10 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397397